KEY POINTS U.S. consumer price index readings for August are due at 1:30 p.m. London time, and are expected to show inflation stateside continuing to run hot European Central Bank policymaker Isabel Schnabel said on Monday that the ECB is ready to act if inflation does not ease as soon as next year, as …
European markets retreat as investors await U.S. inflation data; JD Sports up 7% قراءة المزيد »
KEY POINTS Shares in Asia-Pacific were mixed in Tuesday morning trade China’s exports jumped 25.6% year-over-year in August, customs data showed Tuesday, above expectations for a 17.1% rise by analysts in a Reuters poll The Reserve Bank of Australia announced Tuesday its decision to hold steady on the cash rate target CNBC/SINGAPORE — Shares in …
Chinese stocks rise as data shows China’s exports in August beat expectations قراءة المزيد »
KEY POINTS European stocks are expected to open mixed on Tuesday, reflecting similar trade in their Asia-Pacific counterparts overnight London’s FTSE is seen opening 22 points lower at 7,165, Germany’s DAX 18 points lower at 15,908, France’s CAC 40 down 1 point at 6,740 and Italy’s FTSE MIB 6 points higher at 26,252, according to …
European markets head for mixed open, reflecting uncertain sentiment globally قراءة المزيد »
KEY POINTS Shares in Japan jumped on Friday after Prime Minister Yoshihide Suga said he will not be running in the upcoming leadership election The Caixin/Markit services Purchasing Managers’ Index came in at 46.7, against July’s reading of 54.9 Hong Kong-listed shares of Alibaba fell 3.57% following reports that the firm is set to invest …
Oil prices rose on Friday as a rebound in global demand was widely expected and a slow recovery for the U.S. Gulf Coast export and refining hub from the hurricane earlier this week looked set to deplete stocks further Brent crude futures were up 39 cents, or 0.5%, to $73.42 a barrel at 1231 GMT, …
KEY POINTS Spot gold was up 1.2% at $1,830.71 per ounce by 1:33 p.m. ET,, after hitting its highest since mid-June at $1,833.80, on track to a fourth straight weekly gain. U.S. gold futures settled 1.2% higher at $1,833.7 Gold advanced more than 1% to its highest in 2-1/2 months on Friday, as a slower-than-expected …
Gold climbs as slower U.S. jobs growth clouds Fed taper timeline قراءة المزيد »
KEY POINTS Euro zone business activity remained robust in August despite the impact of the Delta variant of Covid-19 and broad supply chain problems, according to Friday’s PMI readings U.S. nonfarm payrolls increased by just 235,000 across the month of August, well short of the 720,000 new hires projected by economists surveyed by Dow Jones …
CNBC/LONDON-European stocks close lower as U.S. jobs data disappoints قراءة المزيد »
KEY POINTS Shares of Alibaba in Hong Kong fell to record lows in Thursday afternoon trade, plunging more than 5% Shares of miners in Australia fell sharply in Thursday trade following an overnight decline in iron ore prices. Rio Tinto shares dropped 5.95% while Fortescue Metals Group declined 6.78%, and BHP plunged 6.38% CNBC/SINGAPORE — …
KEY POINTS Spot gold was up 0.1% at $1,787.50 per ounce by 0958 GMT, after hitting its highest since Aug. 6 at $1,795.25 in the previous session. U.S. gold futures edged 0.1% higher to $1,790. Gold prices edged higher on Wednesday, as concerns over the spread of the Delta variant of the coronavirus buoyed bullion’s …
Gold firms on virus anxiety, U.S. Fed minutes in focus قراءة المزيد »
KEY POINTS The dollar index held at 93.068, just below the one-week high it hit on Tuesday The kiwi, heavily sold on Tuesday, fell further to also make a nine-month trough at $0.6868 after the Reserve Bank of New Zealand held off on raising rates amid a snap lockdown in the country over seven Covid-19 …
Dollar settles near 4-1/2 month highs as risk appetite cools قراءة المزيد »
By:Amro Zakaria In 2020, the number of electric vehicles (EVs) on the road had risen 43% year-over year globally to surpass 10 million cars for the first time, according to the International Energy Agency. The increase is in stark contrast to the contraction in registration of the conventional internal combustion engine (ICM) vehicles, which dropped …
Electric Mobility And The Metals Fueling Its Growth قراءة المزيد »
The dollar hit a four-month high against the euro on Monday, reversing a recent fall after strong labor market data encouraged investors to bring forward their bets on the Federal Reserve reducing its pandemic-era stimulus. The U.S. currency strengthened as far as $1.1742 to the euro , extending a 0.6% pop from Friday, when the …
Dollar cements rebound after jobs data triggers tapering bets قراءة المزيد »
